#b90x - DAY 23 - Technical Analysis 101 - Candlestick Summary

Today we wrap up our candlestick summary with a very high level overview of a couple points.

Keep practicing, show us your work!

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Attempted to analyze LTCBTC:

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Wonderful!

Now. Do you see. Within these examples. How the trend changed? Pretty enlighting huh?

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hit this up late tonight going to be doing this homework tomorrow

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Thanks Peter
It is indeed enlightening :slight_smile:

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Hi, CryptoNation

Firstly, I want to give a thank you @peter, you are doing so much for us)
Secondly, here is the homework of ZEC/BTC analysis:
https://www.tradingview.com/x/NSt67tyT/
I’m so excited to do this) Thank you)

Best regards,
Roman Hapatyn

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Awesome! Good job! Now. Do you see the trend reversals? Cool!

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Yes, I can see it very well) Thanks for that knowledges)

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I did not find any Shooting Stars on this chart, but wow! This is huge! Thanks so much for this!

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No Shooting Stars in my DASH Chart, but this helped bring it all together!

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Every small thing helps. Putting it all together makes TA amazingly fun!

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Gave the quiz a shot with MTL. Thanks for the instruction!

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Awesome! Putting in the work will pay off bigly!

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Pretty fun! Tough to spot out perfect examples of each type in one snapshot but I learned it isn’t an exact science. The different types can come in their own unique sizes and shapes but still give the same indication.

Just for fun / science! I took a 1-minute line chart of BTC and drew 30-minute candlesticks overtop to see what the price action could look like during a certain timeframe. Interesting to see that on some of the candlesticks most of the price action was outside of the main body once finished.

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These are some examples of basic candle types.
F is not a clear inverted hammer as the upper wick/shadow isn’t much larger than the lower.
D is not a proper shooting star as it is not at the peak of the ascent.
C = hammer time!

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Woo boo! Crushing it! :rocket:

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Attempted to analyze ICX/BTC, I hope it’s okay.

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Nice! Looks good to me!

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Analyzed BQX/BTC 30:


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So dang helpful!

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